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sanctions against this economy have crippled the economy here. and just days away, now, from iran returning to the negotiating table over its nuclear program. as you point out, in a rare move, they've allowed us in to report from the streets of tehran. this is a tenuous time here, just days before iran returns to the nuclear negotiating table with the u.s. and others, since talks collapsed eight months ago. this morning, as we drove through this city of 12 million, it is a city squeezed, not only by the traffic, but by the economic sanctions, led by the u.s. some of the cars clogging these streets, tripling in price. it's groceries, medicine, if you're lucky enough to find it. as we were going into the subway, it is a proud republic, where the roles of men and women are still well defined. and the front car says women-only right here. many say the currency is in a free-fall. and there's fears among many here that the economy is heading towards collapse. but will the sanctions work? iran's supreme leader, ayatollah khamenei, speaking to americans
sanctions against this economy have crippled the economy here. and just days away, now, from iran returning to the negotiating table over its nuclear program. as you point out, in a rare move, they've allowed us in to report from the streets of tehran. this is a tenuous time here, just days before iran returns to the nuclear negotiating table with the u.s. and others, since talks collapsed eight months ago. this morning, as we drove through this city of 12 million, it is a city squeezed, not...
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Feb 20, 2013
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and also this morning, the costly computer crimes costing the american economy hundreds of billions of dollars a year. the fingers are pointing at china, as the white house today announces plans to fight the hackers. >>> and then -- this is crazy. why hand sanitizer is being singled out in a fire that severely burned an 11-year-old girl. wait until you hear how something so common turned into something so hazardous. you think you're doing the right thing, killing the germs, staying fresh, it's after the flu. and then something like that happens. that story is crazy. >> and where it happened is also crazy. you would think it's the safest place for an accident to not happen. >>> and later on, clyde davis, his tell-all book and a singing star who has a few choice words for him. that's coming up in "the skinny." >> he's having a little battle well a well-known singer. "nightline" revealed an interesting tidbit from his personal life. >> we'll get to all of that. >> all that dirt. >> oh, yeah. >>> but first, crews are working through the overnight hours at the scene of that explosion and th
and also this morning, the costly computer crimes costing the american economy hundreds of billions of dollars a year. the fingers are pointing at china, as the white house today announces plans to fight the hackers. >>> and then -- this is crazy. why hand sanitizer is being singled out in a fire that severely burned an 11-year-old girl. wait until you hear how something so common turned into something so hazardous. you think you're doing the right thing, killing the germs, staying...
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Feb 20, 2013
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how much longer should the federal reserve continue to stimulate the economy? that question was intensely debated at the central bank's policy meeting in january according to the minutes released today. stocks sold off on that news, as investors worry the fed might taper off its stimulus program, sooner than expected, and before its goal of seeing a big pick up in the job market. the fed has been buying $85 billion of mortgage backed securities and treasuries every month to pump up the economy. here's what those fed minutes revealed: "many" policymakers voiced concerns about "potential costs and risks" from more bond buying. others said that the easy-money policies might encourage "excessive risk-taking" and that could have "adverse consequences for financial stability" policymakers also noted positive developments in the economy, as b reesmoinarusse more businesses are optimistic about the economic outlook. nervousness about hes d'tfe nexe dow lost 108 points, closing below the 14,000 level. the nasdaq was down about 50, the s&p lost 19 points. >> tom: before
how much longer should the federal reserve continue to stimulate the economy? that question was intensely debated at the central bank's policy meeting in january according to the minutes released today. stocks sold off on that news, as investors worry the fed might taper off its stimulus program, sooner than expected, and before its goal of seeing a big pick up in the job market. the fed has been buying $85 billion of mortgage backed securities and treasuries every month to pump up the economy....
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is the economy on the mend? >> i think it is too early to say that. there are some signs of some green shoots appearing, but i think one of the things that has happened is greeks are looking at where their exports go and what they can do. 60% of their olive oil is exported to italy, which then packages it and makes an awful lot more money than greeks make just sending it off to italy. but nearly every analyst, i think, agrees greece is going to have a rough year this year, and it will not be until well into next year before they figure any real sign of recovery. >> thank you very much for that report. >> bulgaria's government has been forced to resign after days of mass protests over its austerity measures. >> demonstrators have been taking to the streets in the tens of thousands to voice their anger over low living standards and high electricity bills -- not to mention tax hikes. the rallies have shaken the country to the court as police have clashed with protesters. >> the prime minister, who handed in his government's resignation, said he does not
is the economy on the mend? >> i think it is too early to say that. there are some signs of some green shoots appearing, but i think one of the things that has happened is greeks are looking at where their exports go and what they can do. 60% of their olive oil is exported to italy, which then packages it and makes an awful lot more money than greeks make just sending it off to italy. but nearly every analyst, i think, agrees greece is going to have a rough year this year, and it will not...
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economy. those are big military towns. he wants to talk about infrastructure in what he talks about in the state of the union address. note that most of these markets are about military presence, so he wants potential questions about furloughs. white house is calling it a fix it first policy. the president will also revise his call for a private partnership to attract financing. third part of the plan calls for cutting red tape to get permits. >> if we upgrade our infrastructure, that'll bring even more jobs, and that's the attitude of a lot of companies all around the world. and i know you want these job-creating projects in your districts. i've seen those ribbon cuttings. all of this is designed to turn up the pressure on republicans by pushing budget consequences into share backyards. >> border patrol agents will see their hours reduced. fbi agents will be furloughed. federal prosecutors will have to close cases and let criminals go. air traffic controllers and airport security will see cut
economy. those are big military towns. he wants to talk about infrastructure in what he talks about in the state of the union address. note that most of these markets are about military presence, so he wants potential questions about furloughs. white house is calling it a fix it first policy. the president will also revise his call for a private partnership to attract financing. third part of the plan calls for cutting red tape to get permits. >> if we upgrade our infrastructure, that'll...
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they will hurt our economy. they will add hundreds of thousands of americans to the unemployment roles. this is not an abstraction. people will lose their jobs. >> people standing with the president today are among those who will directly impacted by congress if they refuse to act. >> emergency responders, like the ones who are here today, their ability to help communities respond to and recover from disasters will be degraded. border patrol agents will see their hours reduced. fbi agents will be furloughed. federal prosecutors will have to close cases and let criminals go. air traffic controllers and airport security will see cutbacks, which means more delays at airports across the country. >> and it doesn't stop there. we're talking thousands of teachers who are going to be laid off across america. there will be cuts to primary health care for hundreds of thousands of americans. preventative care, like cancer screenings are also going to be hit and taken off the list. i mean cuts to the military are also going
they will hurt our economy. they will add hundreds of thousands of americans to the unemployment roles. this is not an abstraction. people will lose their jobs. >> people standing with the president today are among those who will directly impacted by congress if they refuse to act. >> emergency responders, like the ones who are here today, their ability to help communities respond to and recover from disasters will be degraded. border patrol agents will see their hours reduced. fbi...
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Feb 20, 2013
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so at what point do high gas prices hit the consumer and economy? suze is back. sharon is still in the mix. before we start though, congratulations are in order. we just found out suze orman won her eighth gracy award for outstanding talk show. her record eighth. nobody else has come close to winning as many. >> that terrific, suze. >> thank, you guys. thank you, sharon. >> at what point do see we consumers contract on spending or see other impacts? >> i think once you cross the $4 barrier you absolutely have people saying, are you kidding me? for some reason we are okay with 3.50. we kind of got used to it. it took a while for us to get used to 3.50 but at $4 or above. you see 50 cents different. now you look at 7.50 or $10 a week or 40 or 50 or a hundred dollars a month. then people start to freak. when they freak, this is what happens. they stop going out. don't drive to the mall. don't drive to do things. cut back on vacations. all of those things affect who? they affect the merchant. people who want to sell these people take something. then it affects earnin
so at what point do high gas prices hit the consumer and economy? suze is back. sharon is still in the mix. before we start though, congratulations are in order. we just found out suze orman won her eighth gracy award for outstanding talk show. her record eighth. nobody else has come close to winning as many. >> that terrific, suze. >> thank, you guys. thank you, sharon. >> at what point do see we consumers contract on spending or see other impacts? >> i think once you...
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the american economy is probably getting strong, not weaker. you saw the single-family housing starts today was very strong. all i'm saying is you show me limited government, i'll show you economic growth. >> that's our boy. there you go. thanks, larry. dan, thanks for your help, i think, even though you agreed with larry more than you disagreed. >> i disagree in tone. i don't disagree in principle. >> very good. see you guys later. >> see you tonight, larry. >> 7:00, "the kudlow report." >> wouldn't miss it. >> diamond in the rough, or should we say ceo in the rough. a case for increased oversight at the bank in a short time? >> plus, the u.s. postal service is planning a new clothing line to help it get out of the red. we'll speak to two experts about the challenges that the post office faces and what it needs to do to lick the losing $15 billion next year. that's coming up. [ male announcer ] we began with the rx. ♪ then we turned the page, creating the rx hybrid. ♪ now we've turned the page again with the rx f sport. ♪ this is the nex
the american economy is probably getting strong, not weaker. you saw the single-family housing starts today was very strong. all i'm saying is you show me limited government, i'll show you economic growth. >> that's our boy. there you go. thanks, larry. dan, thanks for your help, i think, even though you agreed with larry more than you disagreed. >> i disagree in tone. i don't disagree in principle. >> very good. see you guys later. >> see you tonight, larry. >>...
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but like everywhere else in the economy business the you have. the the world bank says it's harder to do business here, corruption and [cri make things difficult for italian workers. >> >> it's getting harder and harder to run a business here apart from the general rules and regulations, it's hard to get credit. and the economic situation is tough. there's not much money around, so starting the new business is difficult. things are going badly. we've got a domestic scrice sis thanks to domestic policies and things over the years and foreign companies which we really need don't want to come ere to invest. >> we sell sandwiches and we are in the food business that business is still ok they think, but that is absolutely not true. here in florence there are loads of restaurants, and they are closing everywhere. in fact, we are probably hit first from the crisis. people stop coming to restaurants. they eat at home. >> the structural reforms italy so needs are the common things but italians know it's one thing for their politicians to promise and quite
but like everywhere else in the economy business the you have. the the world bank says it's harder to do business here, corruption and [cri make things difficult for italian workers. >> >> it's getting harder and harder to run a business here apart from the general rules and regulations, it's hard to get credit. and the economic situation is tough. there's not much money around, so starting the new business is difficult. things are going badly. we've got a domestic scrice sis thanks...
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. >> your personal economy is made up of the things that matter most, including your career. and as those things change, fidelity can help you readjust your retirement plan, rethink how you are invested, and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices that can fit your personal economy. fidelity investments, turn here. >> at union bank, our relationship managers work hard to know your business. offering specialized solutions in the capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? >> and now "bbc world news." >> this is bbc world news america. pastorius is back in court, listening to what witnesses had to say the night his girlfriend was shot dead. rebel fighters battle against the assad regime. >> if they take this not only will it be a strategic deterrent but also symbolically. >> silvio berlusconi tries to stage a comeback, but will the scandals of his past keep italian voters from returning hi
. >> your personal economy is made up of the things that matter most, including your career. and as those things change, fidelity can help you readjust your retirement plan, rethink how you are invested, and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices that can fit your personal economy. fidelity investments, turn here. >> at union bank, our relationship managers work hard to know your business. offering...
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smaller government is essential to a prosperous economy. as the mainstream media become the president's lapdog? are they just victims of president obama? even pillars of the media establishment are starting to complain about their lack of any access to the president. now, here's some good news this evening. check out the markets, dow and s&p 500 making new five-year highs, nasdaq closed at its highest point in 12 years, easy money, rising profits, and maybe smaller government are all help stocks to rally. "the kudlow report" begins right now. >>> first up, see the president pushing the fear factor agenda, more dire warnings, our own john harwood joins us with the details. good evening. >> reporter: good evening, larry. today was a day of public posturing not only by the president, but the heads of the presidential commission from a couple years ago. first of all, the president tried to put pressure on them, who have complained that we need to only do spending cuts. he's saying, no, we need to do revenue as well to avoid some of those dire c
smaller government is essential to a prosperous economy. as the mainstream media become the president's lapdog? are they just victims of president obama? even pillars of the media establishment are starting to complain about their lack of any access to the president. now, here's some good news this evening. check out the markets, dow and s&p 500 making new five-year highs, nasdaq closed at its highest point in 12 years, easy money, rising profits, and maybe smaller government are all help...
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the media of course will give obama a free pass on the economy but they didn't cover the obama economy with near the kind of voracity. >> when it comes to this stuff, if you're going to be aggressive on one, be aggressive on all. like we raised from the coverage of jesse jackson junior. if you go after republicans for inproprieties go with equal zeal covering democrats in theirs. on the economy stuff, we are led to believe that we are in the middle of a gang busters's recovery when even to date we're net jobs down in this administration, to say nothing of not keeping up with the increase in population you pointed out. i wonder as i see this going forward some years whether even in coverage of the whole sequestration, it's republicans being intransigent wanting to control spending and not democrats who seem to be equally zealous not wanting to control reigning it in. what is good for the goose ought for good for the gander. >> what's happening with sequestration and a couple of your guests alluded to this. president obama has a political strategy. act three in a three part play. two yea
the media of course will give obama a free pass on the economy but they didn't cover the obama economy with near the kind of voracity. >> when it comes to this stuff, if you're going to be aggressive on one, be aggressive on all. like we raised from the coverage of jesse jackson junior. if you go after republicans for inproprieties go with equal zeal covering democrats in theirs. on the economy stuff, we are led to believe that we are in the middle of a gang busters's recovery when even...
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the economy hasn't collapsed. hopefully that paves way more cuts, smaller government and greeter wealth creation. adam: congressman bartlett best-case scenario what happens? >> the best-case scenario as a result of sequestration we'll eliminate some spending that is doing some good. as a result of that is a congress will get together and pass a long-term budget that will begin to balance itself and to get us out of the fiscal cliff. adam: mattie you get the last word. what is the reality neither worst case or best case but what will we be talking about monday, march 3rd? >> worst case or best case we're in a position government is spending too much money. we need lawmakers to agree we get spending under control. adam: i should have said monday march 4th. thanks for joining us here on melissa francis's program "money". i'm sure we'll talk about sequestration now till the end of the deadline. we'll shift gears. a "money" update on a story that will make you want to slam down the phone on government waste. an investi
the economy hasn't collapsed. hopefully that paves way more cuts, smaller government and greeter wealth creation. adam: congressman bartlett best-case scenario what happens? >> the best-case scenario as a result of sequestration we'll eliminate some spending that is doing some good. as a result of that is a congress will get together and pass a long-term budget that will begin to balance itself and to get us out of the fiscal cliff. adam: mattie you get the last word. what is the reality...
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five billion dollars would mediately be cut out of the federal budget which could seriously wound our economy this is what's referred to here in washington as the sequester today president obama went all harry truman and house republicans telling them out irresponsible it is the law of the sequester kick in just to preserve tax breaks and loopholes for millionaires and billionaires. so that republicans in congress face a simple choice are they willing to compromise to protect vital investments in education and health care and national security and all the jobs that depend on them or would they rather put hundreds of thousands of jobs and our entire economy at risk just to protect a few special interest tax loopholes that benefit only the wealthiest americans and biggest corporations or you will have teachers laid off or kids not have access to head start or deeper cuts in student loan programs. just because you want to protect the special tax interest and loophole that the vast majority of americans don't benefit from that's the choice that's the question. for more on the president's speech t
five billion dollars would mediately be cut out of the federal budget which could seriously wound our economy this is what's referred to here in washington as the sequester today president obama went all harry truman and house republicans telling them out irresponsible it is the law of the sequester kick in just to preserve tax breaks and loopholes for millionaires and billionaires. so that republicans in congress face a simple choice are they willing to compromise to protect vital investments...
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does the federal government take over the private economy? how do you deal with that in system cap list particular system where competition drives wages? >> well, again, its long term problem has been going on since the '70s. we have been through we are still in recession. technically we are out of recession but we're in difficult times as a result of the housing crisis, most people lost 40% of their wealth. obviously, african-americans have been hit hard with this. there is no doubt about that. on the upside we're starting to come out of it. economic numbers are looking better and healthcare costs are better and we will have a bunch of clean source of energy on online. we have some things.... >> bill: you are avoiding my question. what is the solution to the wages? look, the obama administration wants to control the private economy, the marketplace. they are doing a lot of things to make the marketplace responsible to washington, not to competition. so is that the right way to go, or do you allow the free marketplace to take it where it want
does the federal government take over the private economy? how do you deal with that in system cap list particular system where competition drives wages? >> well, again, its long term problem has been going on since the '70s. we have been through we are still in recession. technically we are out of recession but we're in difficult times as a result of the housing crisis, most people lost 40% of their wealth. obviously, african-americans have been hit hard with this. there is no doubt...
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that could be good news for the overall economy. don't you think that it's not being purchased that way. >> remember what has been happening the last two years. it has gone up and now it is diverting. also, your point about commodities. look at oil prices, which have gone up a lot this year. gerri: my gas prices are up a ton. >> absolutely they are. that is something that is hitting the consumer. gerri: scott, sang on a second. everybody has been jumping up and down. thrilled at the rally has gone on. but we are back to where we were five years ago. we should be higher than that, right? >> i think we should definitely be higher. the s&p has come back in the last decade, the nasdaq is way off, the individual investors that we talk about so often is out of this market. they haven't participated in this and that is the big story here. >> when you talk about the individual investor, there is a disconnect of what is happening in the stock market. the way the president describes what is going on in the economy, the ultimate cost of seques
that could be good news for the overall economy. don't you think that it's not being purchased that way. >> remember what has been happening the last two years. it has gone up and now it is diverting. also, your point about commodities. look at oil prices, which have gone up a lot this year. gerri: my gas prices are up a ton. >> absolutely they are. that is something that is hitting the consumer. gerri: scott, sang on a second. everybody has been jumping up and down. thrilled at the...
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. >> the outlook is brightening for europe's biggest economy. investor sentiment in germany has surged to a three-year high. >> the index is one of the most closely watched investor confidence surveys. it pulls germany's top 300 financial analysts and is being taken as another sign that the german economy could rebound quickly from a sharp slowdown at the end of last year. on today's market action. german blue chips rallied tuesday to lock in solid gains for the second day running. all correspondence sent us this summary of the trading session in frankfurt. >> for the first time in weeks, traders had a reason to be happy again. stronger than expected zew investor sentiment was even welcomed with applause. after the heavy growth decline in winter, the data indicate a strong comeback of the german economy, driving up the european markets, but the euro was lagging behind because currency traders are already worried ahead of the election, which will take place on sunday. there was high demand for cars shares despite the record low of overall europea
. >> the outlook is brightening for europe's biggest economy. investor sentiment in germany has surged to a three-year high. >> the index is one of the most closely watched investor confidence surveys. it pulls germany's top 300 financial analysts and is being taken as another sign that the german economy could rebound quickly from a sharp slowdown at the end of last year. on today's market action. german blue chips rallied tuesday to lock in solid gains for the second day running....
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just today he warned the cuts are like taking a meat cleaver to the economy. listen to what he said. >> so ese cuts are not smart, they are not fair, they will hurt our economy. they will add hundreds of thousands of americans to the unemployment roles. this is not an be a instruction. people will lose their jobs -- abstraction. sandra: critics say the president is resortg pure threats and our next guest agrees. economist peter morici managed part of the federal budget and knows first-hand,000 this gets done. weome back to the show, peter. >> nice to be with you. sandra: you wrote an article today, very controversial article, saying president obama is blackmailing taxpayers. explain. >> well, he simply singling out things that frighten taxpayers. long lines at airports. absence of meat inspectors and so forth. take meat inspectors. we can keep all the meat inspectors on the job and cut the department of agriculture by 10%. the department of agriculture has the largest cadre of research economists in the world. i think the world could use fewer economists short
just today he warned the cuts are like taking a meat cleaver to the economy. listen to what he said. >> so ese cuts are not smart, they are not fair, they will hurt our economy. they will add hundreds of thousands of americans to the unemployment roles. this is not an be a instruction. people will lose their jobs -- abstraction. sandra: critics say the president is resortg pure threats and our next guest agrees. economist peter morici managed part of the federal budget and knows...
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tell me more about the citizens for a sound economy. how long have they been planning this grassroots tea party? >> thanks for having me, cenk. yeah, citizens for a sound economy was a group funded by the coke brothers in the 1980's and in 2002 launched the teaparty.com website, seven years ahead of the popular uprising that we've been led to believe by the tea party was a grassroots community level uprising. in fact, this has been in the works for at least a decade, and in fact as the study shows, back in the 1980's, the tobacco industry and other oil billionaires were plotting this through creating a network of astroturf front groups to represent their interests. as we all know, there's nobody that has less credibility than congress than the oil industry, and tobacco industries, since they were busted for lying to us about the detectiveness of their products, so the citizens for a sound economy ultimately became two grooms poor familiar to people these days, freedom works and americans for prosperity, which is still stared by david ko
tell me more about the citizens for a sound economy. how long have they been planning this grassroots tea party? >> thanks for having me, cenk. yeah, citizens for a sound economy was a group funded by the coke brothers in the 1980's and in 2002 launched the teaparty.com website, seven years ahead of the popular uprising that we've been led to believe by the tea party was a grassroots community level uprising. in fact, this has been in the works for at least a decade, and in fact as the...
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and the economy's going to be slowing down. the cumulative impact of the payroll tax increase, the income tax increase, higher gasoline prices and sequester cuts is all going to converge and result in a very weak print, i think, for maybe the second quarter gdp. i think the market pulls back a little and maybe once we get beyond some of the political uncertainty, the second half looks better. >> housing's better. the fur or five things you mentioned, do they more than offset the improvement we've seen in the economy? that we have finally seen, that we've waited center. >> i think they will in the short run. i think they will trump them. and we'll pull back. but i think the move in housing is sustainable. i mean, just -- in terms -- >> that's a lot. it covers a -- people feel much better about their job, about everything when they feel like, you know, they're -- what is that? >> you are correct. i'm saying, yes. >> you don't worry -- you're not -- that house you got, and by the way, folks, you can find it on -- >> what is going
and the economy's going to be slowing down. the cumulative impact of the payroll tax increase, the income tax increase, higher gasoline prices and sequester cuts is all going to converge and result in a very weak print, i think, for maybe the second quarter gdp. i think the market pulls back a little and maybe once we get beyond some of the political uncertainty, the second half looks better. >> housing's better. the fur or five things you mentioned, do they more than offset the...
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but in the long-term picture economies tend to be talked about by the presidential terms and what the white house is worrying about is this economy which is struggling would really take a hit if the sequester took a hit over the long period of time. that in the end through history's eyes, that makes the obama economy weaker and that's not great legacy item for this prb. >> so, john, with nine days and counting and no talks scheduled on either side, do you think it's inevitable it's going to happen? >> it's inevitable we'll get to march 1st. we talk about the budget fight as game of chicken. it's really a game of uncle, which is to say who's going to cave in first. >> who wins or loses in this with each party blaming the other? >> they both lose in terms of the country looking at them. the republicans seem to be losing more. they're trying to reorder the argument here and connect with people's fundamental feeling about the size of government, especially with tax time coming, people paying these big tax bills and wondering what they're getting for it. that's the hopes. but so far they'r
but in the long-term picture economies tend to be talked about by the presidential terms and what the white house is worrying about is this economy which is struggling would really take a hit if the sequester took a hit over the long period of time. that in the end through history's eyes, that makes the obama economy weaker and that's not great legacy item for this prb. >> so, john, with nine days and counting and no talks scheduled on either side, do you think it's inevitable it's going...
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economy. take a listen. >> we know trade secrets can cripple a company's advantage in foreign markets and put american jobs in jeopardy and that strategy coordinates and improves u.s. government efforts to protect the u.s. economy and supports jobs in the united states. >> guys, that's it from here. they are talking about this very much as a jobs issue. back to you. >> eamon, thank you very much. we'll see you later. heading towards the close. setting lows again for the day right now, mandy. the dow is down 101 points. the markets spooked by the fed minutes that showed in the last meeting fed governors and bank presidents were beginning the discussion of when to pull back on some of the monetary easing that they have been going through for the last several years. >> looking here at the tweet from bill gross. many participants concerned about further asset purchases. >> macy's and j.c. penney duking it out in court over which department has the right to sell martha stewart branded products. fin
economy. take a listen. >> we know trade secrets can cripple a company's advantage in foreign markets and put american jobs in jeopardy and that strategy coordinates and improves u.s. government efforts to protect the u.s. economy and supports jobs in the united states. >> guys, that's it from here. they are talking about this very much as a jobs issue. back to you. >> eamon, thank you very much. we'll see you later. heading towards the close. setting lows again for the day...
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Feb 20, 2013
02/13
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billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ ♪
billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ ♪
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Feb 20, 2013
02/13
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but it is a huge, huge threat to our economy and our livelihoods. a senior defense official said, in the cold war we were focused around the command centers in moscow, it's fair to say we worry as much about the computer servers in shanghai. we have to leave it there. >> happy note. >> yeah, our macs are not safe. among other things. thank you to my panel today, howard, joy, maggie, and jared. that is all for "now." i'll see you back here tomorrow at noon eastern, 9:00 pacific. until then, you can find us at facebook.com/nowwithalex. "andrea mitchell reports" is next. humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't go up due to your first accident, and new car replacement, where, if you total your new car, we give you the money for a new one. call... to talk to an insurance expert about everything else that comes standard with our base auto policy. and if
but it is a huge, huge threat to our economy and our livelihoods. a senior defense official said, in the cold war we were focused around the command centers in moscow, it's fair to say we worry as much about the computer servers in shanghai. we have to leave it there. >> happy note. >> yeah, our macs are not safe. among other things. thank you to my panel today, howard, joy, maggie, and jared. that is all for "now." i'll see you back here tomorrow at noon eastern, 9:00...
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Feb 20, 2013
02/13
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FBC
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he's a pusher, in the bye economy. you're a political psychologist, drawing an analogy and parallel between government spending and drugs and if you get off the spending you'll feel terrible. >> absolutely. listen, you know, the number of weeks of unemployment that people are getting, the free cell phones, the illusion, what is he selling? the illusion that you're okay and that all of us are okay. when it's not. >> wait a second, there is another side to this, suppose you're sitting in the audience and you are receiving a lot of this government help and you're getting free food and a free he cell phone, unemployment benefits and cash from earned income tax credit and you're getting it all, coming at you. >> yeah. >> now you want that, you want it to continue. you want to hear what the president's got to say because he is defending you. >> what's every child afraid of i'm the not going to give you your allowance. and i will withhold they're the bad people, the republicans are going to withhold your allowance. this presi
he's a pusher, in the bye economy. you're a political psychologist, drawing an analogy and parallel between government spending and drugs and if you get off the spending you'll feel terrible. >> absolutely. listen, you know, the number of weeks of unemployment that people are getting, the free cell phones, the illusion, what is he selling? the illusion that you're okay and that all of us are okay. when it's not. >> wait a second, there is another side to this, suppose you're sitting...
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Feb 20, 2013
02/13
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KICU
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it's expected the strikes will ripple through the indian economy. gdp could take a hit of about 200 billion rupees, which translates to 3.7 billion u.s. dollars. car sales are in a slump in europe. europeans in several nations are hitting the brakes on buying cars as austrity measures translate into high unemployment and recession. new car registrations fell to 8.7% in january, the lowest level since 1990. one billion dollars. that's the fine offshore drilling company trans ocean will pay in civil penalties following the 2010 gulf of mexico oil spill. bp hired trans ocean prior to the 2010 deepwater horizon explosion. the company pled guilty for violating the clean water act and will have two years to pay the billion-dollar fine. it's a story reminiscent of a hollywood screenplay: millions of dollars' worth of diamonds stolen in a matter of minutes. but it's real. thieves dressed as police cut a hole in a brussels airport security fence, drove to a swiss airlines jet that was transporting the gems, cut a hole in the plane, removed the diamonds and t
it's expected the strikes will ripple through the indian economy. gdp could take a hit of about 200 billion rupees, which translates to 3.7 billion u.s. dollars. car sales are in a slump in europe. europeans in several nations are hitting the brakes on buying cars as austrity measures translate into high unemployment and recession. new car registrations fell to 8.7% in january, the lowest level since 1990. one billion dollars. that's the fine offshore drilling company trans ocean will pay in...
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their delusions which are far more important those are much much much more dangerous to the global economy and to your survival is that if you hold on to those solutions for to a little bit too long if you don't have gold or silver for example because you're holding on to this illusion that ben bernanke he's chilean dollar coins might one day rescue you and so you can go back to how it used to be and when you all those goods at tesco in supermarkets across the world are going down that would be fine but feds stine banks could be smacked by bursting bond bubble banks could be walloped by a bursting bond bubble cautions federal reserve governor jeremy stein banks warn in a recent speech in st louis maybe especially at risk from losses because they typically hold a higher portion of long term bonds which suffer the most when interest rates are you know the bond apocalypse is similar to what happens when you throw a rock into a house of mirrors and what i mean by this is that all the banks are riyadh prosecuting bonds with each other to finance the creation of new bonds that are sold to anothe
their delusions which are far more important those are much much much more dangerous to the global economy and to your survival is that if you hold on to those solutions for to a little bit too long if you don't have gold or silver for example because you're holding on to this illusion that ben bernanke he's chilean dollar coins might one day rescue you and so you can go back to how it used to be and when you all those goods at tesco in supermarkets across the world are going down that would be...
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Feb 20, 2013
02/13
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FBC
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does anybody really think the economy couldn't function? a decade ago we were spending $2 trillion, trillion and a half dollars less an hour trying to cut 40 billion? and it will be catastrophe? >> that is what they want, they want us to think we can't live without them. without government spending the economy will come to a grinding halt, that is how you get more power. politicians have been using these scare tactics. neil: just the real point that if they were so scared they would go out on vacation and they would not feign shock at what they knew was coming down the pike. they both are mishandling this, believe me, for scared out of her wits something is coming down the pike, you don't leave the room. >> i think republicans haven't handled this well historically because republicans said they don't like these cuts. maybe they'll let that happen because it is what we can get. the controlled washington for a while, they did not make the cuts, increased real spending quite a bit. neil: they should stand up and say i am recovering. where do y
does anybody really think the economy couldn't function? a decade ago we were spending $2 trillion, trillion and a half dollars less an hour trying to cut 40 billion? and it will be catastrophe? >> that is what they want, they want us to think we can't live without them. without government spending the economy will come to a grinding halt, that is how you get more power. politicians have been using these scare tactics. neil: just the real point that if they were so scared they would go...
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Feb 20, 2013
02/13
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CURRENT
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this will touch every single part of the economy. so i think you'll hear a lot of public outcry and that is something that the obama administration is counting on. he is take this straight to the american people as are republicans, so you are seeing -- you are not seeing a lot of closed door negotiationing, you seeing it coming out front of the american people. >> michael: and they are going to have to decide on congress before they decide on 2014 so 2014 looms a little larger. today lee i don't know panetta said he would have to put his employees on unpaid leave. what would that mean for our national security. >> that hit won't come immediately, but if you listen to the joint chiefs of staff air force, army those who event all of the branches of the military came up to capitol hill and they said they can't accept one more dollar of cuts and still manage to do the missions they are doing for national security as they are doing them right now. despite we have the drawdowns of iraq and afghanistan ending there are new threats of cyber
this will touch every single part of the economy. so i think you'll hear a lot of public outcry and that is something that the obama administration is counting on. he is take this straight to the american people as are republicans, so you are seeing -- you are not seeing a lot of closed door negotiationing, you seeing it coming out front of the american people. >> michael: and they are going to have to decide on congress before they decide on 2014 so 2014 looms a little larger. today lee...
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Feb 20, 2013
02/13
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energy traders remain optimistic. >> the economy is doing a little bit better. there is some potential for people to take more vacations over the summer, and we could see some continued move up or at least firming and support here for energy prices. >> reporter: still, drivers may want to start setting aside a little extra cash now to help cover potentially higher gas prices on the road this summer. ruben ramirez, "n.b.r.," new york. >> susie: also in the energy patch today, transocean closed the chapter on the 2010 gulf oil disaster as a u.s. judge approved the company's $1 billion civil spill settlement. transocean owned the rig working b.p.'s macondo well when an explosion killed 11 workers and began the nation's worst offshore oil spill. last week, transocean's $400 million settlement of criminal charges with the federal government was also approved. >> tom: an update on the housing market. confidence among single-family home builders is down slightly this month, the first drop in almost a year. that housing index ticked down a point to 46 for february. anyt
energy traders remain optimistic. >> the economy is doing a little bit better. there is some potential for people to take more vacations over the summer, and we could see some continued move up or at least firming and support here for energy prices. >> reporter: still, drivers may want to start setting aside a little extra cash now to help cover potentially higher gas prices on the road this summer. ruben ramirez, "n.b.r.," new york. >> susie: also in the energy...
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their delusions which are far more important those are much much much more dangerous to the global economy and to your survival is that if you hold on to those solutions for to a little bit too long if you don't have gold or silver for example because you're holding on to this illusion that ben bernanke he's chilean dollar coins might one day rescue you and so you can go back to how it used to be and when you all those goods at tesco in supermarkets across the world are going down that would be fine but feds stine banks could be smacked by bursting bond bubble banks could be walloped by a bursting bond bubble cautions federal reserve governor jeremy stein banks warn in a recent speech in st louis maybe especially at risk from losses because they typically hold a higher portion of long term bonds which suffer the most when interest rates are you know the bond apocalypse is similar to what happens when you throw a rock into a house of mirrors and what i mean by this is that all the banks are the king bonds with each other to finance the creation of new bonds that are sold to another bank tha
their delusions which are far more important those are much much much more dangerous to the global economy and to your survival is that if you hold on to those solutions for to a little bit too long if you don't have gold or silver for example because you're holding on to this illusion that ben bernanke he's chilean dollar coins might one day rescue you and so you can go back to how it used to be and when you all those goods at tesco in supermarkets across the world are going down that would be...
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Feb 20, 2013
02/13
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MSNBCW
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spending at a time when the economy is already too weak as far as i'm concerned. so this is exactly the opposite of what we ought to be doing. >> ezra there is a new simpson-bowles plan out today, of sorts. you talked to erskine bowles today, what is their approach? >> it is really striking, the simpson-bowles one had more tax increases than president obama ever called for. if you did it now, jared's organize has done great work showing it. if you put it into place now we would raise taxes, not by $650 billion as we did in the fiscal cliff deal. we would raise it by 2 trillion, the new simpson-bowles plan because that is sort of off the table, they cut the tax to $1.3 trillion, so it went way, way to the far right on taxes, to be fair that is where president obama is currently is. but to be fair while they say they split the taxes between president obama and john boehner, they actually increased what boehner was asking for. in the final element of the fiscal deal boehner asked for including savings in interest, 1.2, the new simpson-bowles includes $1.7 in spending
spending at a time when the economy is already too weak as far as i'm concerned. so this is exactly the opposite of what we ought to be doing. >> ezra there is a new simpson-bowles plan out today, of sorts. you talked to erskine bowles today, what is their approach? >> it is really striking, the simpson-bowles one had more tax increases than president obama ever called for. if you did it now, jared's organize has done great work showing it. if you put it into place now we would...
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Feb 20, 2013
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there is an understanding that the economy could be impacted. thank you. >> "news nation" gut check. will connecticut be the fifth to ban smoking in cars with young kids inside? we will look at both sides including those who say such a law is government overreach. [ male announcer ] how do you measure happiness? by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >>> we will be back and connecticut could join a handful of other states that banned smoking where a child is present. a state committee is taking up a proposed ban. we get the latest from a reporter. our nbc station, wvit. >> every time chris heads out with her two sons, safety is the number one thing on her mind. >> we're want our kids to be in safe places always. >> that's why chris supports a move to ban smoking in cars. >> even as we drive around and see kids that are at a stoplight next to us and you can see shn is smoking in the car,
there is an understanding that the economy could be impacted. thank you. >> "news nation" gut check. will connecticut be the fifth to ban smoking in cars with young kids inside? we will look at both sides including those who say such a law is government overreach. [ male announcer ] how do you measure happiness? by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's....
SFGTV2: San Francisco Government Television
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Feb 20, 2013
02/13
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SFGTV2
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man: infrastructure is vital to the american economy. water, after all, is an essential ingredient in hundreds of thousands of everyday products. narrator: agriculture and industry use roughly 80% of the water consumed in the united states. water is the basis for manufacturing many goods and provides the ability to clean and sterilize everything from computer chips to the surgical instruments used in hospitals. kelly: the minute that there's not enough water for businesses, industry, and individuals, they have to go elsewhere. and when they go elsewhere, jobs go elsewhere. your entire economy begins to suffer with the lack of clean water. narrator: while the water infrastructure provides for our health, safety, and economy, a growing concern is that the value society derives from water has not traditionally been reflected in the price we pay for water. man: when you take a look at how much people pay for water, as a percentage of median household income, it's usually less than 1%. and when you compare that to how much we pay for electric
man: infrastructure is vital to the american economy. water, after all, is an essential ingredient in hundreds of thousands of everyday products. narrator: agriculture and industry use roughly 80% of the water consumed in the united states. water is the basis for manufacturing many goods and provides the ability to clean and sterilize everything from computer chips to the surgical instruments used in hospitals. kelly: the minute that there's not enough water for businesses, industry, and...